One of the hardest decisions for a homeowner to make is if it is worth it to remodel and repair a home, or simply buy a new one. We live in a world where many home owners are motivated enough to tackle a hefty remodeling project and do most of the work on their own thanks to tutorials easily found on the Internet. Most people choose to remodel because they like the idea of making their home their own by creating a living space that fits exactly to their needs. Remodeling is no easy task, though, and takes a lot of time, money and patience that many people do not have, making moving the obvious choice. If you are having a difficult time determining which option is best for you, here are some suggestions that will hopefully make the decision easier.
Location is key
Obviously location means everything when it comes to a home. If you are in a great neighborhood close to schools, work and other places you regularly visit, remodeling might be the best option because finding the perfect location for a new home can be tough. However, if your neighborhood is not the greatest place to raise a family, moving is probably a good idea. Take into consideration how much time you want to spend commuting everywhere you need to go on a daily basis. Also consider the land your home currently sits on. If you have a big yard on a corner lot, you might not want to give that up for something smaller. You should love where you are living inside the home and out.
What is more affordable
If you are on a tight budget and your home needs a lot of love and care, moving is probably more appealing and more affordable. According to House Logic, selling a home keeps getting easier and the market is continuing to rise, so if you can get the price you want from selling your home, go for it. However, if your home is in such bad condition that it probably will not sell for the price you want, stay put and put some money into it. You might decide you want to stay after all the fixes are complete, or at the very least you will raise the home’s value. Remodeling is costly, but well worth the cost. It is up to the homeowners to determine how much they are willing to put into their home, or if they would just rather buy a new one.
Available time matters
Remodeling is a great choice if moving is too much of a stress or simply out of your price range. If you have chosen to remodel your home, it is wise to set a solid plan from beginning to end before any construction begins. Remodeling takes time and requires patience from homeowners. Without patience and a plan, chances are homeowners will wish they would have just moved in the first place.
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Source: houselogic.com/home-advice/planning-your-remodel/should-you-move-or-improve/
 
 

Deciding Whether to Move or Improve